Accounting Project

AVE MARIA UNIVERSITY OF THE AMERICAS AC 242 FALL 2011
Date Revenues Receipts #

BN-100-1 BN-100-2 PR-1000-1
Oct 24 , 2011 Description

BANPRO (initial loan) Julio Tiusanen, Capital BANPRO PROMERICA Transfer from Banpro
th
Amount
500,000.00 USD 60,000.00 USD 100,000.00 USD
Disbursments Checks #
CHS-1000-1 APR-1000-1 APR-1000-2
Description
BANPRO Transfer to Promerica PROMERICA - Payment of Car principal PROMERICA Payment of Furniture
Amount
100,000.00 USD 17,500.00 USD 18,000.00 USD
APR-1000-3 APR-1000-4 APR-1000-5 APR-1000-6
PROMERICA Payment of Computer Equipment PROMERICA Purchase of Supplies PROMERICA Payment of Prepaid Insurance PROMERICA Other Cash Expense
9,000.00 USD 13,000.00 USD 30,000.00 USD 250.00 USD
Oct 25 , 2011 Date Revenues Receipts # Description

BN-100-3 ST-2000-1 BANPRO (secondary loan) ST GEORGES BANK Transfer from Banpro
th
Disbursments Chekcks #
CHS-1000-2 APR-1000-7
Description
BANPRO Transfer to St. Georges Bank PROMERICA Other Cash Expenses
GRB-1000-1
ST GEORGES BANK Trading Gold Securities
Amount
500,000.00 USD 800,000.00 USD

ST-2000-2 BN-100-4
Disbursments Checks # Amount

800,000.00 USD 300.00 USD GRB-1000-2 CHS-1000-2 CHS-1000-3
799,121.20 USD

ST GEORGE'S BANK sale of gold investments BANPRO transfer from St George's Bank
th
Amount
415,833.60 USD 415,000.00 USD
Description
ST GEORGE'S BANK transfer to BANPRO BANPRO purchase of stock investment CAT BANPRO purchase of stock investment V
Amount
415,000.00 USD 399,969.26 USD 115,000.00 USD

ST-2000-3 BN-100-5 BN-100-6 PR-1000-2
CHS-1000-4 GRB-1000-3 CHS-1000-5
APR-1000-8 APR-1000-9 APR-1000-10 APR-1000-11 APR-1000-12 APR-1000-13 CHS-1000-6 CHS-1000-7

ST GEORGE'S BANK sale of gold investments (238oz @ $1747.20) BANPRO sale of stock investments CAT (4366 shares @ $97) BANPRO sale of stock investments V (1250 shares @ $94.83) PROMERICA -transfer from BANPRO
th
Amount
415,833.60 USD 423,502.00 USD 118,537.50 USD 50,000.00 USD
rsments Description
BANPRO transfer to PROMERICA ST GEORGE'S BANK commissions BANPRO commissions
Amount
50,000.00 USD 60.00 USD 1,000.00 USD
PROMERICA salaries expense PROMERICA social security PROMERICA christmas bonus PROMERICA rent expense PROMERICA other cash expense PROMERICA prepaid income tax BANPRO withdrawals BANPRO weekly interest expense on loan payable
6,000.00 USD 1,200.00 USD 2,600.00 USD 4,000.00 USD 1,650.00 USD 10,000.00 USD 12,000.00 USD 20,000.00 USD
CHS-1000-8
BANPRO st Oct 31 , 2011 Description Amount
Description
Purchase of Stock Securities HUM (2428 shares @ $82.35)
Amount
199,945.80 USD

BN-100-7
APR-1000-14
BANPRO st Nov 1 , 2011 Description

Sale of Stock Securities HUM (2428 shares @ $84.17)
Amount
204,364.76 USD
Description
Amount
PROMERICA st Nov 1 , 2011 Description Amount
Description
Payment of Commissions for sale of stock
Amount
500.00 USD
Disburs Checks
GRB-
Date Revenu Rece
PR-1
Disburs Checks
APR-1
APR-1 APR-1 APR-1 APR-1 APR-1
CHS-1000-9 CHS-1000-10
CHS-1000-11 CHS-1000-12 CHS-1000-13
GRB-1000-4

PR-1000-3
APR-1000-15
APR-1000-16 APR-1000-17 APR-1000-18 APR-1000-19 APR-1000-20
BANPRO th Nov 7 , 2011 Description Amount
Description
BANPRO transfer to PROMERICA BANPRO withdrawals
Amount
50,000.00 USD 12,000.00 USD
BANPRO purchase of stock securities DISH (4025 shares @ $24.84) BANPRO purchase of stock securities PCLN (194 shares @ $512.9) BANPRO purchase of stock securities TKLC (9082 shares @ $11.01)
99,981.00 USD 99,502.60 USD 99,992.82 USD
St. George's Bank Nov 7th, 2011 Description Amount
Description
Purchase of Gold Securities ( 224 shares @ 1780.9)
Amount
398,921.60 USD
PROMERICA Nov 7th, 2011 Description

PROMERICA transfer from BANPRO
Amount
50,000.00 USD
Description
Salaries Expense
Amount
6,000.00 USD
Social Security Christmas Bonus Rent Expense Other Cash Expense Prepaid Income Tax
1,200.00 USD 2,600.00 USD 4,000.00 USD 1,900.00 USD 10,000.00 USD

BN-100-9 BN-100-10 BN-100-11
CHS-1000-14 CHS-1000-15
CHS-1000-16 CHS-1000-17
BANPRO th Nov 8 , 2011 Description

BANPRO sale of stock securities PCLN (194 shares @ 545.02) BANPRO sale of stock securities TKLC (9082 shares @ 11.13) BANPRO sale of stock securities DISH (4025 shares @ 24.04)
Amount
105,733.88 USD 101,082.66 USD 96,761.00 USD
Description
BANPRO purchase of RJET (95846 shares @ 3.13) BANPRO purchase of PANL (2040 shares @ 49)
Amount
299,997.98 USD 99,960.00 USD
BANPRO purchase of SIG (1111 shares @ 44.98) BANPRO payment of commissions for sale of stock securities
49,972.78 USD 1,500.00 USD

BN-100-12 BN-100-13 BN-100-14
CHS-1000-18 CHS-1000-19
CHS-1000-20

ST-2000-4
GRB-1000-4

BANPRO sale of RJET (95846 shares @ 4.11) BANPRO sale of PANL (2040 shares @ 51.92) BANPRO sale of SIG (1111 shares @ 44.74)
Amount
393,927.06 USD 105,916.80 USD 49,706.14 USD
Description
BANPRO payment of commissions for sale of stock securities BANPRO purchase of ALL (956 shares @ 26.16)
Amount
1,500.00 USD 24,999.40 USD
BANPRO purchase of CSCO (6715 shares @ 17.87)
119,997.05 USD
ST GEORGE'S BANK th Nov 9 , 2011 Description

Purchase of Gold Securities ( 224 oz @ 1792.40)
Amount
401,497.60 USD
Description
Amount
Payment of commission for sale of gold securities
60.00 USD

BN-100-15 BN-100-16
CHS-1000-21 CHS-1000-22
GRB-1000-5

BANPRO sale of stock securities ALL (956 shares @ 26.25) BANPRO sale of stock securities CSCO (6715 shares @ 18.76)
Amount
25,095.00 USD 125,973.40 USD
Description
BANPRO payment of commissions for sale of stock BANPRO purchase of stock securities VIA (10185 shares @ 49.09)
Amount
1,000.00 USD 499,981.65 USD
ST GEORGE'S BANK th Nov 10 , 2011 Description Amount
Description
Amount
Purchase of Commodities Gas Oil Future (205 MT @ 972.5)
199,362.50 USD

BN-100-17
CHS-1000-23 CHS-1000-24
CHS-1000-25

ST-2000-5
GRB-1000-6
APR-1000-14
APR-1000-15 APR-1000-16 APR-1000-17 APR-1000-18 APR-1000-19

BANPRO sale of stock securities VIA (10185 shares @ 54.38)
Amount
553,860.30 USD
Description
BANPRO payment of commissions for sale of stock BANPRO weekly interest expense on loan payable
Amount
500.00 USD 20,000.00 USD
Withdrawals
12,000.00 USD
ST GEORGE'S BANK th Nov 11 , 2011 Description

Sale of commodities Gas Oil Future (205 MT @ 995.5)
Amount
204,077.50 USD
Description
Amount
Payment of Commissions for sale of Gas Oil securities
60.00 USD
PROMERICA Nov 11th, 2011 Description Amount
Description
Salaries Expense
Amount
6,000.00 USD
Social Security Expense Christmas Bonus Rent Expense Other Cash Expense Prepaid Income Tax
20000 interest expense missing!
Chart of Accounts
Chart of Accounts
Ave Maria University
Accounting Project
ASSETS 101 CASH 101.1 BANPRO BANK 101.2 ST.GEORGES BANK 101.3 PROMERICA BANK 102 TRADING SECURITIES 102.1 DOWN JONES 102.1 S&P 500 102.3 NASDAQ 102.4 BONDS 102.5 GOLD 102.6 COFFEE 102.7 OIL 103 EQUIPMENT 103.1 Furniture 103.2 Computers 104 Accumulated Depretiation - Equipment 104.1 Furniture 104.2 Computers 105 Vehicles 105.1 Audi 106 Accumulated Depreciation- Vehicles 106.1 Accumulated Depreciation - Audi 107 Supplies and utilities 107.1 Supplies 108 Insurance 108.1 Assets Insurance (45%) 108.2 - Life Insurance (35%) 108.3 Medical Insurance (20%)
Page 82
Chart of Accounts
LIABILITIES AND EQUITY 201 Loan Payable 201.1 Loan Payable to Ave Maria University 201.2 Loan Payable to Ave Maria University- Overdraft 202 Accounts Payable 202.1 Accounts Payable 203 Interest Payable 203.1 Interest Payable 204 Income tax Payable 204.1 Income Tax Payable 205 Salaries Expense Payable 205.1 - Salaries Expense Payable 206 Social Security Payable 206.1 - Social Security Payable 207 Christmas Bonus Payable 207.1 Christmas Bonus Payable 208 Rent Expense Payable 208.1 - Rent Expense Payable 209 Other Cash Expense Payable 209.1 - Other Cash Expense Payable
301 Capital 301.1 Capital, Julio Tiusanen 302 Retained Earnings 302.1 Retained Earnings 303 Drawings 303.1 Drawings, Julio Tiusanen
REVENUES 401 Gain and loss on sale Trading Securities 401.1 DOW JONES 401.2 S&P 500 401.3 NASDAQ
Page 83
Chart of Accounts
401.3 BONDS 401.4 GOLD 401.5 COFFEE 401.6 OIL 401.7 COTTON 401.8 SILVER
EXPENSES 501 Salaries expense 502 Interest expense 503 Depreciation expense 503.1 Office Deprecitaion 503.2 Car Depreciation 504 Supllies and utilities expense 505 Rent expense 506 Insurance expense 506.1 - Assets Insurance (45%) 506.2 - Life Insurance (35%) 506.3 - Medical Insurance (20%) 507 Social Security 508 Christmas Bonus 509 Other cash expense 510 Overdraft expense 511 Commission Fees 512 Income tax 513 Income summary
OTHER REVENUE 601 Interest revenue- BANPRO Bank
Page 84
Schedule of Expenses SCHEDULE OF EXPENSES

WEEK 1
MONDAY 24th TUESDAY 25th

C$ 350 C$ 300 C$ 2,000 C$ 400 C$ 800 C$ 1,000 C$ 350 C$ 250 C$ 400 C$ 800 C$ 400
WEDNESDAY 26th THURSDAY 27th FRIDAY 28th

C$ 450 C$ 850 C$ 300 C$ 1,000 C$ 200 C$ 800 C$ 1,200 C$ 450 C$ 400 C$ 500 C$ 875 C$ 400 C$ 550 C$ 900 C$ 500 C$ 3,000 C$ 600 C$ 1,000 C$ 1,800 C$ 625 C$ 500 C$ 10,000 C$ 12,000
C$ 400 C$ 300
C$ 500 C$ 450
WEEK 2
MONDAY 31st
C$ 350 C$ 300 C$ 2,000 C$ 400 C$ 800 C$ 1,000 C$ 350 C$ 250
TUESDAY 1st
C$ 400 C$ 800 C$ 400
WEDNESDAY 2nd
C$ 450 C$ 850 C$ 300 C$ 1,000 C$ 200 C$ 800 C$ 1,200 C$ 450 C$ 400
THURSDAY 3rd
C$ 500 C$ 875 C$ 400
FRIDAY 4th
C$ 550 C$ 900 C$ 500 C$ 3,000 C$ 600 C$ 1,000 C$ 1,800 C$ 625 C$ 500 C$ 10,000 C$ 12,000
C$ 400 C$ 300
C$ 500 C$ 450
WEEK 3
MONDAY
C$ 350 C$ 300 C$ 2,000 C$ 400 C$ 800 C$ 1,000 C$ 350 C$ 250
TUESDAY
C$ 400 C$ 800 C$ 400
WEDNESDAY
C$ 450 C$ 850 C$ 300 C$ 1,000 C$ 200 C$ 800 C$ 1,200 C$ 450 C$ 400
THURSDAY
C$ 500 C$ 875 C$ 400
FRIDAY
C$ 550 C$ 900 C$ 500 C$ 3,000 C$ 600 C$ 1,000 C$ 1,800 C$ 625 C$ 500 C$ 10,000 C$ 12,000
C$ 400 C$ 300
C$ 500 C$ 450
Page 85
Schedule of Expenses
TYPE OF EXPENSE
Office Depreciation Car Depreciation Insurance Salaries Expense Social Security Christmas Bonus Rent Expense Supplies and Utilities Other Cash Expense Prepaid Income Tax Withdrawals
TYPE OF EXPENSE
TYPE OF EXPENSE
C$ 6,000 C$ 1,200 C$ 2,600 C$ 4,000 C$ 1,900 C$ 10,000 C$ 12,000 C$ 37,700
Page 86
General Journal
General Journal
Oct 24th
Office Depreciation Accumulated Depreciation Furniture Accumulated Depreciation Computers Insurance Expense Prepaid Insurance Salaries Expense Salaries Payable Social Security Expense Social Security Payable Christmas Bonus Expense Chrismas Bonus Payable Rent Office Expense Rent Office Payable Supplies and Utilities Expense Supplies and Utilities Other Cash Expense PROMERICA
$350.00 $175.00 $175.00 $300.00 $300.00 $2,000.00 $2,000.00 $400.00 $400.00 $800.00 $800.00 $1,000.00 $1,000.00 $350.00 $350.00 $250.00 $250.00
Oct 24th
Oct 24th
Oct 24th
Oct 24th
Oct 24th
Oct 24th
Oct 24th
Page 87
General Journal
Dr. 5450 Cr. 5450
General Journal
Oct 31st
Office Depreciation Accumulated Depreciation Furniture Accumulated Depreciation Computers Insurance Expense Prepaid Insurance Salaries Expense Salaries Payable Social Security Expense Social Security Payable Christmas Bonus Expense Chrismas Bonus Payable Rent Office Expense Rent Office Payable Supplies and Utilities Expense Supplies and Utilities Other Cash Expense Other Cash Expense Payable
$350.00 $175.00 $175.00 $300.00 $300.00 $2,000.00 $2,000.00 $400.00 $400.00 $800.00 $800.00 $1,000.00 $1,000.00 $350.00 $350.00 $250.00 $250.00
Oct 31st
Oct 31st
Oct 31st
Oct 31st
Oct 31st
Oct 31st
Oct 31st
Page 88
General Journal
Dr. 5450
Cr. 5450
Nov 7th
Salaries Payable PROMERICA Social Security Payable PROMERICA Christmas Bonus Payable PROMERICA Rent Office Payable PROMERICA Other Cash Expense Payable PROMERICA Prepaid Income Tax Payable PROMERICA Withdrawals BANPRO
$6,000.00 $6,000.00 $1,200.00 $1,200.00 $2,600.00 $2,600.00 $40,000.00 $40,000.00 $1,900.00 $1,900.00 $10,000.00 $10,000.00 $12,000.00 $12,000.00 $350.00 $175.00 $175.00 $300.00 $300.00 $2,000.00 $2,000.00 $400.00 $400.00 $800.00
Nov 7th
Nov 7th
Nov 7th
Nov 7th
Nov 7th
Nov 7th
Nov 7th
Office Depreciation Accumulated Depreciation Furniture Accumulated Depreciation Computers Insurance Expense Prepaid Insurance Salaries Expense Salaries Payable Social Security Expense Social Security Payable Christmas Bonus Expense
Nov 7th
Nov 7th
Nov 7th
Nov 7th
Page 89
General Journal
Chrismas Bonus Payable Nov 7th Rent Office Expense Rent Office Payable Supplies and Utilities Expense Supplies and Utilities Other Cash Expense Other Cash Expense Payable Dr. 79150 $1,000.00 $1,000.00 $350.00 $350.00 $250.00 $250.00 Cr. 79150 $800.00
Nov 7th
Nov 7th
Page 90
General Journal
Oct 25th
Office Depreciation $400.00 Accumulated Depreciation Furniture Accumulated Depreciation Computers Car Depreciation $800.00 Accumulated Depreciation Car Insurance Expense Prepaid Insurance Supplies and Utilities Expense Supplies and Utilities Other Cash Expense PROMERICA $400.00
$200.00 $200.00
Oct 25th
$800.00
Oct 25th
$400.00 $400.00 $400.00 $300.00 $300.00
Oct 25th
Oct 25th
Page 91
General Journal
Dr. 2300 Cr. 2300
Nov 1st
Office Depreciation $400.00 Accumulated Depreciation Furniture Accumulated Depreciation Computers Car Depreciation $800.00 Accumulated Depreciation Car Insurance Expense Prepaid Insurance Supplies and Utilities Expense Supplies and Utilities Other Cash Expense Other Cash Expense Payable $400.00
$200.00 $200.00
Nov 1st
$800.00
Nov 1st
$400.00 $400.00 $400.00 $300.00 $300.00
Nov 1st
Nov 1st
Page 92
General Journal
Dr. 2300
Cr. 2300
Nov 8th
$200.00 $200.00
Nov 8th
$800.00
Nov 8th
$400.00 $400.00 $400.00 $300.00 $300.00
Nov 8th
Nov 8th
Page 93
General Journal
Dr. 2300
Cr. 2300
Page 94
General Journal
Oct 26th
Office Depreciation $450.00 Accumulated Depreciation Furniture Accumulated Depreciation Computers Car Depreciation $850.00 Accumulated Depreciation Car Insurance Expense Prepaid Insurance Salaries Expense Salaries Payable Social Security Expense Social Security Payable Christmas Bonus Expense Chrismas Bonus Payable Rent Office Expense Rent Office Payable Supplies and Utilities Expense Supplies and Utilities Other Cash Expense Other Cash Expense Payable $300.00
$225.00 $225.00
Oct 26th
$850.00
Oct 26th
$300.00 $1,000.00 $1,000.00 $200.00 $200.00 $800.00 $800.00 $1,200.00 $1,200.00 $450.00 $450.00 $400.00 $400.00
Oct 26th
Oct 26th
Oct 26th
Oct 26th
Oct 26th
Oct 26th
Page 95
General Journal
Dr. 5650 Cr. 5650
Nov 2nd
$225.00 $225.00
Nov 2nd
$850.00
Nov 2nd
$300.00 $1,000.00 $1,000.00 $200.00 $200.00 $800.00 $800.00 $1,200.00 $1,200.00 $450.00 $450.00 $400.00 $400.00
Nov 2nd
Nov 2nd
Nov 2nd
Nov 2nd
Nov 2nd
Nov 2nd
Page 96
General Journal
Dr. 5650
Cr. 5650
Nov 9th
$225.00 $225.00
Nov 9th
$850.00
Nov 9th
$300.00 $1,000.00 $1,000.00 $200.00 $200.00 $800.00 $800.00 $1,200.00 $1,200.00 $450.00 $450.00 $400.00 $400.00
Nov 9th
Nov 9th
Nov 9th
Nov 9th
Nov 9th
Nov 9th
Page 97
General Journal
Dr. 5650
Cr. 5650
Page 98
General Journal
Oct 27th
$250.00 $250.00
Oct 27th
$875.00
Oct 27th
$400.00 $500.00 $500.00 $450.00 $450.00
Oct 27th
Oct 27th
Oct 28th
Oct 28th
Oct 28th
Oct 28th
Oct 28th
Page 99
General Journal
Dr. 2725 Cr. 2725
Nov 3rd
$250.00 $250.00
Nov 3rd
$875.00
Nov 3rd
$400.00 $500.00 $500.00 $450.00 $450.00
Nov 3rd
Nov 3rd
Page 100
General Journal
Dr. 2725
Cr. 2725
Nov 10th
$250.00 $250.00
Nov 10th
$875.00
Nov 10th
$400.00 $500.00 $500.00 $450.00 $450.00
Nov 10th
Nov 10th
Page 101
General Journal
Dr. 2725
Cr. 2725
Page 102
General Journal
Oct 28th
Office Depreciation $550.00 Accumulated Depreciation Furniture Accumulated Depreciation Computers Car Depreciation $900.00 Accumulated Depreciation Car Insurance Expense Prepaid Insurance Salaries Expense Salaries Payable PROMERICA Social Security Expense Social Security Payable PROMERICA Christmas Bonus Expense Chrismas Bonus Payable PROMERICA Rent Office Expense Rent Office Payable PROMERICA Supplies and Utilities Expense Supplies and Utilities Other Cash Expense Other Cash Expense Payable PROMERICA Prepaid Income Tax BANPRO Drawings, Julio Tiusanen Capital BANPRO Weekly Interest Expense on Loan Payable BANPRO $500.00
$275.00 $275.00
Oct 28th
$900.00
Oct 28th
$500.00 $3,000.00 $3,000.00 $6,000.00 $600.00 $600.00 $1,200.00 $1,000.00 $1,600.00 $2,600.00 $1,800.00 $2,200.00 $4,000.00 $625.00 $625.00 $500.00 $850.00 $1,350.00 $10,000.00 $10,000.00 $12,000.00 $12,000.00 $20,000.00 $20,000.00
Oct 28th
Oct 28th
Oct 28th
Oct 28th
Oct 28th
Oct 28th
Oct 28th
Oct 28th
Oct 28th
Oct 28th
BANPRO (interest revenue) $178.31 Other Revenues (interest revenue)
$178.31
Page 103
General Journal
Dr. 59903.31
Cr. 59903.31
Nov 4th
Office Depreciation $550.00 Accumulated Depreciation Furniture Accumulated Depreciation Computers Car Depreciation $900.00 Accumulated Depreciation Car Insurance Expense Prepaid Insurance Salaries Expense Salaries Payable Social Security Expense Social Security Payable Christmas Bonus Expense Chrismas Bonus Payable Rent Office Expense Rent Office Payable Supplies and Utilities Expense Supplies and Utilities Other Cash Expense Other Cash Expense Payable Prepaid Income Tax Income Tax Payable Weekly Interest Expense on Loan Payable Interest Payable $500.00
$275.00 $275.00
Nov 4th
$900.00
Nov 4th
$500.00 $3,000.00 $3,000.00 $600.00 $600.00 $1,000.00 $1,000.00 $1,800.00 $1,800.00 $625.00 $625.00 $500.00 $500.00 $10,000.00 $10,000.00 $20,000.00 $20,000.00
Nov 4th
Nov 4th
Nov 4th
Nov 4th
Nov 4th
Nov 4th
Nov 4th
Nov 4th
Nov 4th
$331.15
Page 104
General Journal
Dr. 39806.15
Cr. 39806.15
Nov 11th
Office Depreciation $550.00 Accumulated Depreciation Furniture Accumulated Depreciation Computers Car Depreciation $900.00 Accumulated Depreciation Car Insurance Expense Prepaid Insurance Salaries Expense Salaries Payable PROMERICA Social Security Expense Social Security Payable PROMERICA Christmas Bonus Expense Chrismas Bonus Payable PROMERICA Rent Office Expense Rent Office Payable PROMERICA Supplies and Utilities Expense Supplies and Utilities Other Cash Expense Other Cash Expense Payable PROMERICA Prepaid Income Tax PROMERICA $500.00
$275.00 $275.00
Nov 11th
$900.00
Nov 11th
$500.00 $3,000.00 $3,000.00 $6,000.00 $600.00 $600.00 $1,200.00 $1,000.00 $1,600.00 $2,600.00 $1,800.00 $1,200.00 $4,000.00 $625.00 $625.00 $500.00 $1,400.00 $1,900.00 $10,000.00 $10,000.00
Nov 11th
Nov 11th
Nov 11th
Nov 11th
Nov 11th
Nov 11th
Nov 11th
Page 105
General Journal
Nov 11th Weekly Interest Expense on Loan Payable BANPRO $20,000.00 $20,000.00
Nov 11th
$234.78
Dr. 47509.78
Cr. 48509.78
Page 106
General Journal
Page 107
General Journal
Page 108
General Journal
CLOSING ENTRIES Nov 11th Gain on sale of stock securities CAT $23,532.74 Gain on sale of commodities V $3,537.50 Gain on sale of stock securities HUM $4,418.96 Gain on sale of commodities GOLD $35,122.00 Gain on sale of stock securities ALL $95.60 Gain on sale of stock securities VIA $53,878.65 Gain on sale of commodities OIL $4,715.00 Gain on sale of stock securities PCLN $5,752.88 Gain on sale of stock securities TKLC $1,580.06 Gain on sale of stock securities RJET $93,929.08 Gain on sale of stock securities PANL $5,956.80 Gain on sale of stock securities CSCO $5,976.35 Other Revenue (interest) $744.24 Loss on sale of stock investments SIG Loss on sale of stock investments DISH Income Summary Income Summary Salaries Expense Interest Expense Office Depreciation Car Depreciation Supplies and Utilities Expense Rent Expense Assets Insurance Expense Life Insurance Expense Medical Insurance Expense Social Security Christmas Bonus Expense Other Cash Expense Commission Fees Income Tax Income Summary Capital, Julio Tiusanen $173,280.00
Nov 11th
Nov 11th
$62,461.40
Page 109
General Journal
Nov 11th Capital, Julio Tiusanen Drawings, Julio Tiusanen $36,000.00
Dr. 510981.26
Page 110
General Journal
Page 111
General Journal
Page 112
General Journal
$266.64 $3,231.82 $235,741.40
$18,000.00 $60,000.00 $6,750.00 $10,275.00 $6,975.00 $12,000.00 $2,565.00 $1,995.00 $1,140.00 $3,600.00 $7,800.00 $6,000.00 $6,180.00 $30,000.00
$62,461.40
Page 113
General Journal
$36,000.00
Cr. 510981.26
Page 114
BANPRO BANK
CASH RECEIPTS JOURNAL
RECEIPTS # ACCOUNT CREDITED
BANPRO (initial loan)
DATE Oct 24th Oct 24th Oct 25th Oct 27th Oct 28th Oct 28th Oct 28th Nov 1st Nov 8
th
REF
Nov 8th Nov 8th Nov 9th Nov 9th Nov 9th Nov 10th Nov 10th Nov 11th
BN-100-1 BN-100-2 BN-100-3 BN-100-4 BN-100-5 BN-100-6 Memo BN-100-7 BN-100-9 BN-100-10 BN-100-11 BN-100-12 BN-100-13 BN-100-14 BN-100-15 BN-100-16 BN-100-17
Julio Tiusanen, Capital BANPRO BANPRO (secondary loan) BANPRO transfer from St George's Bank BANPRO sale of stock investments CAT (4366 shares @ $97) BANPRO sale of stock investments V (1250 shares @ $94.83) BANPRO interest revenue Sale of Stock Securities HUM (2428 shares @ $84.17) BANPRO sale of stock securities PCLN (194 shares @ 545.02) BANPRO sale of stock securities TKLC (9082 shares @ 11.13) BANPRO sale of stock securities DISH (4025 shares @ 24.04) BANPRO sale of RJET (95846 shares @ 4.11) BANPRO sale of PANL (2040 shares @ 51.92) BANPRO sale of SIG (1111 shares @ 44.74) BANPRO sale of stock securities ALL (956 shares @ 26.25) BANPRO sale of stock securities CSCO (6715 shares @ 18.76) BANPRO sale of stock securities VIA (10185 shares @ 54.38)
TOTAL
GAIN/(LOSS) CASH DR TRADING SECURITIES CR ON SALE SECURITIES CR OTHER ACCOUNTS CR
500,000.00 USD 60,000.00 USD 500,000.00 USD 415,000.00 USD 423,502.00 USD 118,537.50 USD 178.31 USD 204,364.76 USD 105,733.88 USD 101,082.66 USD 96,761.00 USD 393,927.06 USD 105,916.80 USD 49,706.14 USD 25,095.00 USD 125,973.40 USD 553,860.30 USD
500,000.00 USD 60,000.00 USD 500,000.00 USD 415,000.00 USD 399,969.26 USD 115,000.00 USD 199,945.80 USD 99,981.00 USD 99,502.60 USD 99,992.82 USD 299,997.98 USD 99,960.00 USD 49,972.78 USD 24,999.40 USD 119,997.05 USD 499,981.65 USD 23,532.74 USD 3,537.50 USD 178.31 USD 4,418.96 USD 5,752.88 USD 1,580.06 USD -3,231.82 USD 93,929.08 USD 5,956.80 USD -266.64 USD 95.60 USD 5,976.35 USD 53,878.65 USD
3,225,778.51 DR CR
1,609,318.69 3,225,778.51 3,225,778.51
141,281.51
1,475,178.31
BANPRO BANK
CASH PAYMENTS JOURNAL
DATE
Oct 24 Oct 25 Oct 27 Oct 28 Oct 28 Oct 28
th th
CHECK #
ACCOUNT DEBITED
REF
TRADING SECURITIES DR
Oct 27th
th
Oct 28th
th th th
Oct 31st Nov 7th Nov 7 Nov 7

th th
Nov 7th Nov 7th Nov 8th Nov 8 Nov 8 Nov 8 Nov 9
th th th th
Nov 9th Nov 9th Nov 10th Nov 10th
BANPRO Transfer to Promerica BANPRO Transfer to St. Georges Bank BANPRO purchase of stock investment CAT BANPRO purchase of stock investment V BANPRO transfer to PROMERICA BANPRO commissions BANPRO withdrawals BANPRO weekly interest expense on loan payable Purchase of Stock Securities HUM (2428 shares @ $82.35) BANPRO transfer to PROMERICA BANPRO withdrawals BANPRO purchase of stock securities DISH (4025 shares @ $24.84) BANPRO purchase of stock securities PCLN (194 shares @ $512.9) BANPRO purchase of stock securities TKLC (9082 shares @ $11.01) BANPRO purchase of RJET (95846 shares @ 3.13) BANPRO purchase of PANL (2040 shares @ 49) BANPRO purchase of SIG (1111 shares @ 44.98) BANPRO payment of commissions for sale of stock securities CHS-1000-18 BANPRO payment of commissions for sale of stock securities CHS-1000-19 BANPRO purchase of ALL (956 shares @ 26.16) CHS-1000-20 BANPRO purchase of CSCO (6715 shares @ 17.87) CHS-1000-21 BANPRO payment of commissions for sale of stock CHS-1000-22 BANPRO purchase of stock securities VIA (10185 shares @ 49.09) CHS-1000-1 CHS-1000-2 CHS-1000-2 CHS-1000-3 CHS-1000-4 CHS-1000-5 CHS-1000-6 CHS-1000-7 CHS-1000-8 CHS-1000-9 CHS-1000-10 CHS-1000-11 CHS-1000-12 CHS-1000-13 CHS-1000-14 CHS-1000-15 CHS-1000-16 CHS-1000-17
399,969.26 USD 115,000.00 USD
199,945.80 USD 50,000.00 USD 12,000.00 USD 99,981.00 USD 99,502.60 USD 99,992.82 USD 299,997.98 USD 99,960.00 USD 49,972.78 USD
24,999.40 USD 119,997.05 USD 499,981.65 USD
Nov 11th Nov 11th Nov 11th
CHS-1000-23 BANPRO payment of commissions for sale of stock CHS-1000-24 BANPRO weekly interest expense on loan payable CHS-1000-25 Withdrawals
TOTAL DR CR
1,526,322.24 2,512,322.24 2,512,322.24
IVERSITY OF THE AMERICAS
COMMISION EXPENSE DR
NOTES PAYABLE CR
OTHER ACCOUNTS DR
CASH CR
100,000.00 USD 800,000.00 USD
50,000.00 USD
1,000.00
1,000.00
12,000.00 USD 20,000.00 USD
1,500.00 1,500.00
1,000.00
12,000.00 USD 20,000.00 USD 199,945.80 USD 50,000.00 USD 12,000.00 USD 99,981.00 USD 99,502.60 USD 99,992.82 USD 299,997.98 USD 99,960.00 USD 49,972.78 USD 1,500.00 USD 1,500.00 USD 24,999.40 USD 119,997.05 USD 1,000.00 USD 499,981.65 USD
500.00 USD 20,000.00 USD 12,000.00 USD
500.00 USD 20,000.00 USD 12,000.00 USD
4,000.00
982,000.00
2,512,322.24
1,019,903.84 1,020,224.26
Receipts Journal - ST. GEORGES
ST. GEORGE'S BANK

DATE Oct 25th Oct 27

th
RECEIPTS #
Oct 28th Nov 9th Nov 11th
ST-2000-1 ST-2000-2 ST-2000-3

ST-2000-4
ST-2000-5
TOTAL
ST-2000-4
Page 123
ORGE'S BANK
RECEIPTS JOURNAL
ACCOUNT CREDITED
REF
CASH DR
ST GEORGES BANK Transfer from Banpro 800,000.00 USD ST GEORGE'S BANK sale of gold investments 415,833.60 USD ST GEORGE'S BANK sale of gold investments (238oz @ $1747.20) 415,833.60 USD Sale of Gold Securities ( 224 oz @ 1792.40) 401,497.60 USD Sale of commodities Gas Oil Future (205 MT @ 995.5) 204,077.50 USD
2,237,242.30 DR CR
Purchase of Gold Securities ( 224 oz @ 1792.40)
##########
Page 124
GAIN/(LOSS) TRADING SECURITIES CR ON SALE SECURITIES CR OTHER ACCOUNTS CR
800,000.00 USD 399,530.60 USD 399,530.60 USD 398,921.60 USD 199,362.50 USD 16,303.00 USD 16,303.00 USD 2,576.00 USD 4,715.00 USD
1,397,345.30 2,237,242.30 2,237,242.30
39,897.00
800,000.00
Page 125
Payments Journal - ST. GEORGES
ST. GEORGE'S BANK

DATE
Oct 25th Oct 27
th
CHECK #
Oct 28th Nov 7th Nov 9th Nov 10 Nov 11

th th
GRB-1000-1 GRB-1000-2 GRB-1000-3 GRB-1000-4

GRB-1000-4
GRB-1000-5 GRB-1000-6
TOTAL
GRB-1000-4
Page 126
ORGE'S BANK
ACCOUNT DEBITED
AYMENTS JOURNAL
REF
ST GEORGES BANK Trading Gold Securities ST GEORGE'S BANK transfer to BANPRO ST GEORGE'S BANK commissions Purchase of Gold Securities ( 224 shares @ 1780.9) Payment of commission for sale of gold securities Purchase of Commodities Gas Oil Future (205 MT @ 972.5) Payment of Commissions for sale of Gas Oil securities
DR CR
Purchase of Gold Securities ( 224 shares @ 1780.9)
398,921.60 USD
Page 127
TRADING SECURITIES DR
NOTES PAYABLE CR
OTHER ACCOUNTS DR
CASH CR
799,121.20 USD 415,000.00 USD 60.00 USD 398,921.60 USD 60.00 USD 199,362.50 USD 60.00 USD
799,121.20 USD 415,000.00 USD 60.00 USD 398,921.60 USD 60.00 USD 199,362.50 USD 60.00 USD
1,397,405.30 1,812,585.30 1,812,585.30
180.00
415,000.00
1,812,585.30
398,921.60 USD
Page 128
Receipts Journal - PROMERICA
PROMERICA BANK
DATE Oct 24th
RECEIPTS #
ACCOUNT CREDITED
PR-1000-1 PROMERICA Transfer from Banpro PR-1000-2 PROMERICA -transfer from BANPRO PR-1000-3 PROMERICA transfer from BANPRO
TOTAL
Page 129
Receipts Journal - PROMERICA
GAIN/(LOSS) TRADING SECURITIES CR ON SALE SECURITIES CR OTHER ACCOUNTS CR
REF
CASH DR
100,000.00 USD 50,000.00 USD 50,000.00 USD
100,000.00 USD 50,000.00 USD 50,000.00 USD
200,000.00 DR CR
200,000.00 200,000.00
200,000.00
Page 130
Payments Journal - PROMERICA
PROMERICA BANK
DATE
Oct 24th Oct 24
th
CHECK #
Oct 24th Oct 24th Oct 24th Oct 24th Oct 25th Oct 28th Oct 28th Oct 28th Oct 28th Oct 28th Oct 28th Nov 1st Nov 7th Nov 7th Nov 7th Nov 7th Nov 7th Nov 7th Nov 11th Nov 11th Nov 11th Nov 11th Nov 11th Nov 11th
APR-1000-1 APR-1000-2 APR-1000-3 APR-1000-4 APR-1000-5 APR-1000-6 APR-1000-7 APR-1000-8 APR-1000-9 APR-1000-10 APR-1000-11 APR-1000-12 APR-1000-13 APR-1000-14 APR-1000-15 APR-1000-16 APR-1000-17 APR-1000-18 APR-1000-19 APR-1000-20 APR-1000-14 APR-1000-15 APR-1000-16 APR-1000-17 APR-1000-18 APR-1000-19
TOTAL
Page 131
RICA BANK
ACCOUNT DEBITED TRADING SECURITIES DR
YMENTS JOURNAL
REF
PROMERICA - Payment of Car principal PROMERICA Payment of Furniture PROMERICA Payment of Computer Equipment PROMERICA Purchase of Supplies PROMERICA Payment of Prepaid Insurance PROMERICA Other Cash Expense PROMERICA Other Cash Expenses PROMERICA salaries expense PROMERICA social security PROMERICA christmas bonus PROMERICA rent expense PROMERICA other cash expense PROMERICA prepaid income tax PROMERICA Payment of Commission for sale of stock Salaries Expense Social Security Christmas Bonus Rent Expense Other Cash Expense Prepaid Income Tax Salaries Expense Social Security Expense Christmas Bonus Rent Expense Other Cash Expense Prepaid Income Tax
DR CR 164,900.00 164,900.00
Page 132
NOTES PAYABLE CR
OTHER ACCOUNTS DR
CASH CR
17,500.00 USD
12,000.00 6,000.00
35,000.00 USD 30,000.00 USD 15,000.00 USD 13,000.00 USD 30,000.00 USD 250.00 USD 300.00 USD 6,000.00 USD 1,200.00 USD 2,600.00 USD 4,000.00 USD 1,350.00 USD 10,000.00 USD 6,000.00 USD 1,200.00 USD 2,600.00 USD 4,000.00 USD 1,900.00 USD 10,000.00 USD 6,000.00 USD 1,200.00 USD 2,600.00 USD 4,000.00 USD 1,900.00 USD 10,000.00 USD
500.00
17,500.00 USD 18,000.00 USD 9,000.00 USD 13,000.00 USD 30,000.00 USD 250.00 USD 300.00 USD 6,000.00 USD 1,200.00 USD 2,600.00 USD 4,000.00 USD 1,350.00 USD 10,000.00 USD 500.00 USD 6,000.00 USD 1,200.00 USD 2,600.00 USD 4,000.00 USD 1,900.00 USD 10,000.00 USD 6,000.00 USD 1,200.00 USD 2,600.00 USD 4,000.00 USD 1,900.00 USD 10,000.00 USD
500.00
35,500.00
164,400.00
129,400.00 20600 150000
Page 133
Trial Balance
Trial Balance
As of November 11 , 2011
th
ASSETS 101 CASH 101.1 BANPRO BANK 101.2 ST.GEORGES BANK 101.3 PROMERICA BANK 102 TRADING SECURITIES 102.1 DOWN JONES 102.1 S&P 500 102.3 NASDQ 102.4 BONDS 102.5 - GOLD 102.6 COFFEE 102.7 OIL 103 EQUIPMENT 103.1 Furniture 103.2 Computers 104 Accumulated Depretiation - Equipment 104.1 Furniture 104.2 Computers 105 Vehicles 105.1 Audi 106 Accumulated Depreciation- Vehicles 106.1 Accumulated Depreciation - Audi 107 Supplies and utilities 107.1 Supplies 108 Insurance 108.1 - Assets Insurance (45%) 108.2 - Life Insurance (35%) 108.3 - Medical Insurance (20%)
LIABILITIES AND EQUITY
Page 134
Trial Balance
201 Loan Payable 201.1 Loan Payable to Ave Maria University 201.2 Loan Payable to Ave Maria University- Overdraft 202 Accounts Payable 202.1 Accounts Payable 203 Interest Payable 203.1 Interest Payable 204 Income tax Payable 204.1 Income Tax Payable 205 Salaries Expense Payable 205.1 - Salaries Expense Payable 206 Social Security Payable 206.1 - Social Security Payable 207 Christmas Bonus Payable 207.1 Christmas Bonus Payable 208 Rent Expense Payable 208.1 - Rent Expense Payable 209 Other Cash Expense Payable 209.1 - Other Cash Expense Payable
301 Capital 301.1 Capital, Julio Tiusanen 302 Retained Earnings 302.1 Reatined Earnings 303 Drawings 303.1 Drawings, Julio Tiusanen
REVENUES 401 Gain and loss on sale Trading Securities 401.1 DOW JONES 401.2 S&P 500 401.3 NASDAQ 401.3 BONDS 401.4 GOLD
Page 135
Trial Balance
401.5 COFFEE 401.6 OIL
EXPENSES 501 Salaries expense 502 Interest expense 503 Depreciation expense 503.1 Office Deprecitaion 503.2 Car Depreciation 504 Supllies and utilities expense 505 Rent expense 506 Insurance expense 506.1 - Assets Insurance (45%) 506.2 - Life Insurance (35%) 506.3 - Medical Insurance (20%) 507 Social Security 508 Christmas Bonus 509 Other cash expense 510 Overdraft expense 511 Commission Fees 512 Income tax 513 Income summary
OTHER REVENUE 601 Interest revenue- BANPRO Bank
Page 136
Trial Balance
nce
th
11 , 2011
Dr.
Cr.
$589,404.40 $424,657.00 $34,600.00
$30,000.00 $15,000.00
$3,375.00 $3,375.00
$35,000.00
$10,275.00
$6,025.00
$10,935.00 $8,505.00 $4,860.00
Page 137
Trial Balance
$1,000,000.00
$35,500.00
$20,000.00
$86,461.40
$0.00
$0.00 $0.00 $0.00
Page 138
Trial Balance
$0.00
$0.00 $0.00
$0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00
$0.00 $1,158,986.40 $1,158,986.40
Page 139
Balance Sheet
Balance Sheet
November 11th, 2011
Assets Current Asets Cash Short-term Investments Supplies Prepaid Insurance Total Current Assets Fixed Assets Equipment Less: Accumulated Depreciation Equipment Transportation Less: Accumulated Depreciation Vehicles Total Fixed Assets Total Assets Liabilities and Owner's Equity Current Liabilities Accounts Payable Long-term Liabilities Notes Payable Total Liabilities Owner's Equity Julio Tiusanen, Capital Total Owner's Equity Total Liabilities and Owner's Equity
$1,048,661.40 $6,025.00 $24,300.00 $1,078,986.40
$45,000.00 -$6,750.00 $35,000.00 -$10,275.00 $62,975.00 $1,141,961.40
$55,500.00
$1,000,000.00 $1,055,500.00
$86,461.40 $86,461.40 $1,141,961.40
Page 140
Balance Sheet
$138,300.00
-$17,025.00
Page 141
Balance Sheet
Page 142
Balance Sheet
Page 143
Bank Reconciliations
BANPRO
Bank Reconciliation
th
For the period from Oct 24 to Nov 11
th
Ref. Balance per Bank Statement on Nov 11 , 2011 Adjustments Bank Errors Second loan requested was for $500,000 for a total of $1,000,000, not $1,500,000 in total. Transfer from St. Georges Bank was $415,000 Sale of Stock Securities (ALL) was for $25,095 Commission for Sale of Stock was $500 Interest earned on incorrect amounts Correct interest earned Corrected Balance per Bank
th
BN-100-3 BN-100-4 BN-100-15 BN-100-23 Memo Memo
Page 144
ST. GEORGES BANK

Bank Reconciliation
th
For the period from Oct 24 to Nov 11
th
$1,094,651.76
Balance per Bank Statement on Nov 11th, 2011 Adjustments Bank Errors Transfer to BANPRO was $415,000 not $415,833.60
-$500,000.00 Commodity was a purchase, not a sale (Dr. not Cr.) -$833.60 Corrected Balance per Bank -$4,000.00 -$500.00 -$1,658.00 $744.25 $588,404.41 $1,047,661.41
$1,047,661.41
Page 145
GES BANK
th th
PROMERICA
th
nciliation
Bank Reconciliatio
Oct 24 to Nov 11
For the period from Oct 24 t
Ref. $1,221,666.60 Balance per Bank Statement on Nov 11th, 2011 Adjustments Bank Errors BN-100-4 GRB-1000-4 $833.60 -$797,843.20 $424,657.00
Bank did forgot to charge $10,000 for prepaid i
Bank forgot to charge $500 for commission fee Corrected Balance per Bank
Page 146
PROMERICA
Bank Reconciliation
th th
period from Oct 24 to Nov 11
Ref.
th
nt on Nov 11 , 2011
$45,100.00
harge $10,000 for prepaid income tax APR-1000-13 APR-1000-14
-$10,000.00 -$500.00 $34,600.00
ge $500 for commission fee Bank
Page 147
Equity Statement
Owner's Equity Statement For the week ended November 11th
Julio Tiusanen, Capital, Oct 24th Add: Net Income Less: Drawings Julio Tiusanen, Capital, Oct 28th
$60,000.00 $62,461.40 -$36,000.00 $86,461.40
Page 148
Statement of Cash Flows
STATEMENTS OF CASH FLOW
AO Operating Activities
Total Revenues Sales of Gold and Stock Securities Grant Operating Costs Purchase of Gold and Stock Securities Expenses Total Expenses Expenses Amortization Taxes
Financial Activities
xxxxx
$3,741,702.80 $60,000.00 $3,506,705.64 $113,580.00 $83,580.00 $0.00 $30,000.00
Loan Investment Activities

Purchase of Assets
C$
1,000,000.00
$87,500.00
Drawings Interest Revenue

Interest Paid Net Cash flow
C$ C$
36,000.00 40,000.00
Cash
C$
1,047,661.41
Page 149
Statement of Cash Flows
xxxxx
$181,417.16 C$ 1,000,000.00
C$
1,093,917.16
C$ C$
744.24 1,018,661.40
C$
87,500.00
C$ C$
(29,000.01) (14,500.01)
Page 150
Income Statements
Income Statement
For the week ending Nov 11th
Revenues Gain and Loss on Sale of Trading Securities S&P 500 CAT V HUM SIG ALL VIA NASDAQ DISH PCLN TKLC RJET PANL CSCO GOLD OIL Total Revenues Expenses Salaries Expense Depreciation Expense Supplies and Utilities Expense Rent Expense Insurance Expense Social Security Christmas Bonus Other Cash Expense Commission Fees Prepaid Income Tax Total Expenses Other Revenues and Expenses Interest Revenue Interest Expense Net Income
$23,532.74 $3,537.50 $4,418.96 -$266.64 $95.60 $53,878.65
-$3,231.82 $5,752.88 $1,580.06 $93,929.08 $5,956.80 $5,976.35 $35,122.00 $4,715.00 $234,997.16
$18,000.00 $17,025.00 $6,975.00 $12,000.00 $5,700.00 $3,600.00 $7,800.00 $6,000.00 $6,180.00 $30,000.00 $113,280.00
$744.24 $60,000.00 $62,461.40
Page 151
Income Statements
Page 152
Income Statements
$96,255.00 $96,255.00
$96,255.00
$96,255.00 $70,499.15 $62,461.40 -$59,255.76
Page 153
Income Statements
Page 154
Income Statements
Page 155
Income Statements
Page 156
Income Statements
$3,600.00
Page 157
General Ledger
CASH Date
Oct 24th Oct 24th Oct 24th Oct 25th Oct 25th Oct 27th Oct 27th Oct 27th Oct 28th Oct 28th Oct 28th Oct 28th Oct 28th Oct 28th Oct 28th Oct 28th Oct 31st Nov 1st Nov 4th Nov 7th Nov 7th Nov 7th Nov 7th Nov 7th Nov 8th Nov 8th Nov 8th Nov 8th Nov 8th Nov 8th Nov 8th Nov 9th Nov 9th Nov 9th Nov 9th Nov 9th Nov 9th
Description
Initial Loan from Ave Maria Grant Transfer to PROMERICA Secondary Loan from Ave Maria Transfer to ST GEORGE'S BANK Transfer from ST GEORGE'S BANK Purchase of stock securities CAT (4366 shares @ $91.61) Purchase of stock securities V (1250 shares @ $92) Sale of stock securities CAT (4366 shares @ $97) Sale of stock securities V (1250 shares @ $94.83) Commission for sale of stock securities CAT Commission for sale of stock securities V Transfer to PROMERICA Julio Tiusanen, Drawings Weekly Interest on Loan Payable Interest Revenue Purchase of Stock Securities HUM (2428 shares @ $82.35) Sale of Stock Securities HUM (2428 shares @ $84.17) Interest Revenue Transfer to PROMERICA Withdrawals Purchase of stock securities DISH (4025 shares @ $24.84) Purchase of stock securities PCLN (194 shares @ $512.9) Purchase of stock securities TKLC (9082 shares @ $11.01) Sale of Stock Securities DISH (4025 shares @ $24.04) Sale of Stock Securities TKLC (9082 shares @ 11.13) Sale of Stock Securities PCLN (194 shares @ 545.02) Commission for sale of stock securities Purchase of Stock Securities RJET (95846 shares @ 3.13) Purchase of Stock Securities PANL (2040 shares @ 49) Purchase of Stock Securities SIG (1111 shares @ 44.98) Sale of Stock Securities RJET (95846 shares @ 4.11) Sale of Stock Securities PANL (2040 shares @ 51.92) Sale of Stock Securities SIG (1111 shares @ 44.74) Commission for sale of stock securities Purchase of Stock Securities ALL (956 shares @ 26.16) Purchase of Stock Securities CSCO (6715 shares @ 17.87)
Dr.
$500,000.00 $60,000.00 $500,000.00 $415,000.00
$423,502.00 $118,537.50
$178.31 $204,364.76 331.15
$105,733.88 $101,082.66 $96,761.00
$393,927.06 $105,916.80 $49,706.14
Page 158
General Ledger
Nov 10 Nov 10th Nov 10th Nov 10th Nov 11th Nov 11th Nov 11th Nov 11th Nov 11th
th
Sale of Stock Securities ALL (956 shares @ 26.25) Sale of Stock Securities CSCO (6715 shares @ 18.76) Purchase of Stock Securities VIA (10185 shares @ 49.09) Commission for sale of stock securities Sale of Stock Securities VIA (10185 shares @ 54.38) Commission for sale of stock securities Weekly Interest on Loan Payable Withdrawals Interest Revenue
$25,095.00 $125,973.40
$553,860.30
$234.78
Date
Description
201.1 Loan Payable to Ave Maria University Dr.
Oct 24th Initial Loan from Ave Maria Oct 25th Secondary Loan from Ave Maria
$1,00
Page 159
General Ledger
501 SALARIES EXPENSE

Date
Oct 24th Oct 26th Oct 28th Oct 31st Nov 2nd Nov 4th Nov 7th Nov 9th Nov 11th Nov 11th
Description
Salaries Expense Salaries Expense Salaries Expense Salaries Expense Salaries Expense Salaries Expense Salaries Expense Salaries Expense Salaries Expense Closing Entry
501.1 Salaries Expense Dr.

$2,000.00 $1,000.00 $3,000.00 $2,000.00 $1,000.00 $3,000.00 $2,000.00 $1,000.00 $3,000.00
Page 160
General Ledger
401.1 DOW JONES

Date Description Dr.
Page 161
General Ledger
Page 162
General Ledger
Page 163
General Ledger
101 CASH
Cr. Balance
$500,000.00 $560,000.00 $460,000.00 $960,000.00 $160,000.00 $575,000.00 $175,030.74 $60,030.74 $483,532.74 $602,070.24 $601,570.24 $601,070.24 $551,070.24 $539,070.24 $519,070.24 $519,248.55 $319,302.75 $523,667.51 $523,998.66 $473,998.66 $461,998.66 $362,017.66 $262,515.06 $162,522.24 $268,256.12 $369,338.78 $466,099.78 $464,599.78 $164,601.80 $64,641.80 $14,669.02 $408,596.08 $514,512.88 $564,219.02 $562,719.02 $537,719.62 $417,722.57
101.2 ST.GEORGES B Date

Oct 25th Oct 25th Oct 27th Oct 27th Oct 28th Oct 28th th $3,506,705.64 Nov 7 th $3,741,702.80 Nov 9 Nov 9th Nov 10th Nov 11th th $234,997.16 Nov 11
$100,000.00 $800,000.00 $399,969.26 $115,000.00
$500.00 $500.00 $50,000.00 $12,000.00 $20,000.00 $199,945.80
$40,000.00 $4,180.00
$50,000.00 $12,000.00 $99,981.00 $99,502.60 $99,992.82
$1,500.00 $299,997.98 $99,960.00 $49,972.78
$1,500.00 $24,999.40 $119,997.05
Page 164
General Ledger
$442,817.57 $568,790.97 $68,809.32 $67,809.32 $621,669.62 $621,169.62 $601,169.62 $589,169.62 $589,404.40 $589,404.40
$499,981.65 $1,000.00 $500.00 $20,000.00 $12,000.00
201 LOAN PAYABLE

University Cr.
$500,000.00 $500,000.00
201.2 Loan Payable to Ave Maria Un Balance

$500,000.00 $1,000,000.00
Date
$1,000,000.00
Page 165
General Ledger
NSE
Cr. Balance
$2,000.00 $3,000.00 $6,000.00 $8,000.00 $9,000.00 $12,000.00 $14,000.00 $15,000.00 $18,000.00 $0.00
502 INTEREST EXPE

Date
Oct 28th Nov 4th Nov 11th Nov 11th
502.1 Interest Expens
$18,000.00
$349,021.40
$0.00
Page 166
General Ledger
S
Cr. Balance Date
Oct 28th Nov 11th
401.2 S&P 500

401.2.1 CAT
401.2.2 V Date
Oct 28th Nov 11th
401.2.3 HUM Date

Nov 1st Nov 11th
Page 167
General Ledger
401.2.4 SIG Date

Nov 9th Nov 11th
401.2.5 ALL Date

Nov 10th Nov 11th
401.2.6 VIA Date

Nov 11th Nov 11th
Page 168
General Ledger
Page 169
General Ledger
101 CASH
Description 101.2 ST.GEORGES BANK Dr. Cr.
$799,121.20 $415,000.00 $60.00 $398,921.60 $60.00 $199,362.50 $60.00
Balance
$800,000.00 $878.80 $416,712.40 $1,712.40 $417,546.00 $417,486.00 $18,564.40 $420,062.00 $420,002.00 $220,639.50 $424,717.00 $424,657.00
Transfer from BANPRO $800,000.00 Purchase of Gold Securities (476oz. @ $1678.70) Sale of Gold Securities (238oz @ $1747.20) $415,833.60 Transfer to BANPRO Sale of Gold Securities (238oz @ $1747.20) $415,833.60 Commission for Sale of Gold Securities Purchase of Gold Securities ( 224 shares @ 1780.9) Sale of Gold Securities ( 224 oz @ 1792.40) $401,497.60 Commission for Sale of Gold Securities Purchase of Commodities Gas Oil Future (205 MT @ 972.5) Sale of commodities Gas Oil Future (205 MT @ 995.5) $204,077.50 Commission for Sale of Commodities
Page 170
General Ledger
$424,657.00
YABLE
201.2 Loan Payable to Ave Maria University- Overdraft Description Dr. Cr. Balance
$0.00
$0.00
Page 171
General Ledger
502 INTEREST EXPENSE

Description
Interest on Loan Payable Interest on Loan Payable Interest on Loan Payable Closing Entry
502.1 Interest Expense Dr.

$20,000.00 $20,000.00 $20,000.00
Cr.
Balance
$20,000.00 $40,000.00 $60,000.00 $0.00
$60,000.00
$0.00
Page 172
General Ledger
401.2 S&P 500

Description
Gain on sale of stock securities Closing Entry
401.2.1 CAT Dr.

$23,532.74
Cr.
$23,532.74
Balance
$23,532.74 $0.00
$0.00
Description
401.2.2 V Dr.
$3,537.50
Cr.
$3,537.50
Balance
$3,537.50 $0.00
$0.00
Description
401.2.3 HUM Dr.

$4,418.96
Cr.
$4,418.96
Balance
$4,418.96 $0.00
Page 173
General Ledger
$0.00
Description
Loss on Sale of Stock Securities Closing Entry
401.2.4 SIG Dr.

$266.64
Cr.
$266.64
Balance
-$266.64 $0.00
$0.00
Description
401.2.5 ALL Dr.

$95.60
Cr.
$95.60
Balance
$95.60 $0.00
$0.00
Description
401.2.6 VIA Dr.

$53,878.65
Cr.
$53,878.65
Balance
$53,878.65 $0.00
Page 174
General Ledger
$0.00
Page 175
General Ledger
Date
Oct 24th Oct 24th Oct 24th Oct 24th Oct 24th Oct 24th Oct 24th Oct 25th Oct 28th Oct 28th Oct 28th Oct 28th Oct 28th Oct 28th Oct 28th Nov 1st Nov 7th Nov 7th Nov 7th Nov 7th Nov 7th Nov 7th Nov 7th Nov 11th Nov 11th Nov 11th Nov 11th Nov 11th Nov 11th
Description
101.3 PROMERICA BANK Dr.

$100,000.00
Cr.
$17,500.00 $18,000.00 $9,000.00 $13,000.00 $30,000.00 $250.00 $300.00
Transfer from Banpro Purchase of Car Purchase of Furniture Purchase of Computers Purchase of Supplies Purchase of Insurance Other Cash Expense Other Cash Expense Transfer from Banpro Salaries Expense Social Security Expense Christmas Bonus Expense Rent Expense Other Cash Expense Prepaid Income Tax Payment of Commission for sale of Stock Transfer from Banpro Salaries Expense Paid Social Security Expense Paid Christmas Bonus Expense Paid Rent Expense Paid Other cash expense Paid Prepaid Income Tax Paid Salaries Expense Paid Social Security Expense Paid Christmas Bonus Expense Paid Rent Expense Paid Other cash expense Paid Prepaid Income Tax
$50,000.00 $6,000.00 $1,200.00 $2,600.00 $4,000.00 $1,650.00 $10,000.00 $500.00 $50,000.00 $6,000.00 $1,200.00 $2,600.00 $4,000.00 $1,900.00 $10,000.00 $6,000.00 $1,200.00 $2,600.00 $4,000.00 $1,900.00 $10,000.00
Page 176
General Ledger
202 ACCOUNTS PAYABLE

Date
Oct 24th Oct 24th Oct 24th
Description
202.1 Accounts Payable Dr.
Cr.
$17,500.00 $12,000.00 $6,000.00
Purchase of Car on Account Purchase of Furniture Purchase of Computers
Page 177
General Ledger
503 DEPRECIAT
Date
Oct 24th Oct 25th Oct 26th Oct 27th Oct 28th Oct 31st Nov 1st Nov 2nd Nov 3rd Nov 4th Nov 7th Nov 8th Nov 9th Nov 10th Nov 11th Nov 11th
Description
Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Closing Entry
503.1 Office Deprecitaion Dr.

$350.00 $400.00 $450.00 $500.00 $550.00 $350.00 $400.00 $450.00 $500.00 $550.00 $350.00 $400.00 $450.00 $500.00 $550.00
Cr.
$6,750.00
Page 178
General Ledger
401.3 NASDAQ
Date Description 401.3.1 DISH Dr.
$3,231.82 $3,231.82
Cr.
Nov 8th Loss on Sale of Stock Securities Nov 11th Closing Entry
Date
Description
401.3.2 PCLN Dr.

$5,752.88
Cr.
$5,752.88
Nov 8th Gain on Sale of Stock Securities th Nov 11 Closing Entry
Date
th
Description
401.3.3 TKLC Dr.

$1,580.06
Cr.
$1,580.06
Nov 8 Gain on Sale of Stock Securities Nov 11th Closing Entry
Page 179
General Ledger
Date
th
Description
401.3.4 RJET Dr.

$93,929.08
Cr.
$93,929.08
Date
Description
401.3.5 PANL Dr.

$5,956.80
Cr.
$5,956.80
Nov 9th Gain on Sale of Stock Securities th Nov 11 Closing Entry
Date
th
Description
401.3.6 CSCO Dr.

$5,976.35
Cr.
$5,976.35
Page 180
General Ledger
Page 181
General Ledger
Balance
$100,000.00 $82,500.00 $64,500.00 $55,500.00 $42,500.00 $12,500.00 $12,250.00 $11,950.00 $61,950.00 $55,950.00 $54,750.00 $52,150.00 $48,150.00 $46,500.00 $36,500.00 $36,000.00 $86,000.00 $80,000.00 $78,800.00 $76,200.00 $72,200.00 $70,300.00 $60,300.00 $54,300.00 $53,100.00 $50,500.00 $46,500.00 $44,600.00 $34,600.00
Date
Description
102.1 DOWN JONES Dr.
$87,500.00
$87,500.00
77,900.00
Page 182
General Ledger
$34,600.00
203 INTEREST PAYABLE

Balance
$17,500.00 $29,500.00 $35,500.00
Date
Nov 4th
Description
203.1 Interest Payable Dr.
Interest on Loan Payable
$35,500.00
Page 183
General Ledger
503 DEPRECIATION EXPENSE

Balance
$350.00 $750.00 $1,200.00 $1,700.00 $2,250.00 $2,600.00 $3,000.00 $3,450.00 $3,950.00 $4,500.00 $4,850.00 $5,250.00 $5,700.00 $6,200.00 $6,750.00 $0.00
Date
Oct 25th Oct 26th Oct 27th Oct 28th Nov 1st Nov 2nd Nov 3rd Nov 4th Nov 8th Nov 9th Nov 10th Nov 11th Nov 11th
Description
Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Closing Entry
503.2 Car Depreciation Dr.

$800.00 $850.00 $875.00 $900.00 $800.00 $850.00 $875.00 $900.00 $800.00 $850.00 $875.00 $900.00
$0.00
Page 184
General Ledger
401.3 BONDS
Balance
-$3,231.82 $0.00
Date
Description
401.3 Bonds Dr.
$0.00
Balance
$5,752.88 $0.00
$0.00
Balance
$1,580.06 $0.00
Page 185
General Ledger
$0.00
Balance
$93,929.08 $0.00
$0.00
Balance
$5,956.80 $0.00
$0.00
Balance
$5,976.35 $0.00
Page 186
General Ledger
$0.00
Page 187
General Ledger
OWN JONES Cr.
102.1 S&P 5 Balance Date

Oct 27th Oct 27th Oct 28th Oct 28th Oct 31st Nov 1st Nov 8th Nov 9th Nov 9th Nov 10th Nov 10th Nov 11th
Page 188
General Ledger
REST PAYABLE
Balance
$20,000.00 $20,000.00
204 INCOME TAX

Date
Nov 4th Nov 7th
terest Payable Cr.
204.1 Income Tax
$20,000.00
Page 189
General Ledger
504 SUPPLIES AND UTIL

Balance
$800.00 $1,650.00 $2,525.00 $3,425.00 $4,225.00 $5,075.00 $5,950.00 $6,850.00 $7,650.00 $8,500.00 $9,375.00 $10,275.00 $0.00
ar Depreciation Cr.
504.1 Supplies and Util Date

$10,275.00
$0.00
Page 190
General Ledger
401 GAIN AND LOSS ON SALE OF TRADING
BONDS
Cr. Balance Date
Oct 27th Oct 28th Nov 9th Nov 11th
401.4 GOL
3 Bonds
401.4 Gold
Page 191
General Ledger
Page 192
General Ledger
Page 193
General Ledger
102.1 S&P 500 Description

Purchase of stock securities CAT (4366 shares @ $91.61) Purchase of stock securities V (1250 shares @ $92) Sale of stock securities CAT (4366 shares @ $97) Sale of stock securities V (1250 shares @ $94.83) Purchase of Stock Securities HUM (2428 shares @ $82.35) Sale of Stock Securities HUM (2428 shares @ $84.17) Purchase of Stock Securities SIG (1111 shares @ $44.98) Sale of Stock Securities SIG (1111 shares @ 44.74) Purchase of Stock Securities ALL (956 shares @ 26.16) Sale of Stock Securities ALL (956 shares @ 26.25) Purchase of Stock Securities VIA (10185 shares @ 49.09) Sale of Stock Securities VIA (10185 shares @ 54.38)
Dr.
$399,969.26 $115,000.00
Cr.
Balance
$399,969.26 $514,969.26 $115,000.00 $0.00 $199,945.80 $0.00 $49,972.78 $0.00 $24,999.40 $0.00 $499,981.65 $0.00
$399,969.26 $115,000.00 $199,945.80 $199,945.80 $49,972.78 $49,972.78 $24,999.40 $24,999.40 $499,981.65 $499,981.65
Page 194
General Ledger
$0.00
204 INCOME TAX PAYABLE

204.1 Income Tax Payable Description
Prepaid Income Tax Prepaid Income Tax Paid
Dr.
$10,000.00
Cr.
$10,000.00
Balance
$10,000.00 $0.00
$0.00
Page 195
General Ledger
504 SUPPLIES AND UTILITIES EXPENSE

Description 504.1 Supplies and Utilities Expense Dr.
$350.00 $400.00 $450.00 $500.00 $625.00 $350.00 $400.00 $450.00 $500.00 $625.00 $350.00 $400.00 $450.00 $500.00 $625.00 $6,975.00
Cr.
Balance
$350.00 $750.00 $1,200.00 $1,700.00 $2,325.00 $2,675.00 $3,075.00 $3,525.00 $4,025.00 $4,650.00 $5,000.00 $5,400.00 $5,850.00 $6,350.00 $6,975.00 $0.00
Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Closing Entry
$0.00
REVENUES
Page 196
General Ledger
REVENUES
01 GAIN AND LOSS ON SALE OF TRADING SECURITIES

401.4 GOLD
401.4 Gold Description
Gain on Sale of Gold Securities Gain on Sale of Gold Securities Gain on Sale of Gold Securities Closing Entry
Dr.
Cr.
$16,273.00 $16,273.00 $2,576.00
Balance
$16,273.00 $32,546.00 $35,122.00 $0.00
$35,122.00
$0.00
Page 197
General Ledger
Page 198
General Ledger
Page 199
General Ledger
Date
Nov 7th Nov 7th Nov 7th Nov 8th Nov 8th Nov 8th Nov 8th Nov 8th Nov 9th Nov 9th Nov 9th Nov 10th
Description
102.3 NASDAQ Dr.

$99,981.00 $99,502.60 $99,992.82
Purchase of stock securities DISH (4025 shares @ $24.84) Purchase of stock securities PCLN (194 shares @ $512.9) Purchase of stock securities TKLC (9082 shares @ $11.01) Sale of Stock Securities DISH (4025 shares @ $24.04) Sale of Stock Securities TKLC (9082 shares @ 11.13) Sale of Stock Securities PCLN (194 shares @ 545.02) Purchase of stock securities RJET (95846 shares @ $3.13) Purchase of stock securities PANL (2040 shares @ $49.00) Sale of Stock Securities RJET (95846 shares @ 4.11) Sale of Stock Securities PANL (2040 shares @ 51.92) Purchase of stock securities CSCO (6715 shares @ 17.87) Sale of Stock Securities CSCO (6715 shares @ 18.76)
$299,997.98 $99,960.00
$119,997.05
Page 200
General Ledger
LIABILITIES A
205 SALARIES EXPENSE PAYABLE
Date
Description
Salaries Expense Salaries Expense Salaries Expense Paid Salaries Expense Salaries Expense Salaries Expense Salaries Paid Salaries Expense Salaries Expense Salaries Expense Paid
205.1 Salaries Expense Payable Dr.
$3,000.00
$6,000.00
$3,000.00
Page 201
General Ledger
505 RENT EXPENSE

Date
Description
Rent Expense Rent Expense Rent Expense Rent Expense Rent Expense Rent Expense Rent Expense Rent Expense Rent Expense Closing Entry
505.1 Rent Expense Dr.

$1,000.00 $1,200.00 $1,800.00 $1,000.00 $1,200.00 $1,800.00 $1,000.00 $1,200.00 $1,800.00
ENUES
Page 202
General Ledger
ENUES
401.5 COFFEE
Date Description 401.5 Coffee Dr.
Page 203
General Ledger
Page 204
General Ledger
Page 205
General Ledger
102 TRADING SECURITIES

102.4 BONDS Cr. Balance
$99,981.00 $199,483.60 $299,476.42 $199,483.60 $99,981.00 $0.00 $299,997.98 $399,957.98 $99,960.00 $0.00 $119,997.05 $0.00
Date
Description
$99,992.82 $99,502.60 $99,981.00
$299,997.98 $99,960.00 $119,997.05
Page 206
General Ledger
$0.00
LIABILITIES AND OWNERS EQUITY
E PAYABLE
Payable Cr.
$2,000.00 $1,000.00 $2,000.00 $1,000.00 $3,000.00 $2,000.00 $1,000.00
206 SOCIAL SECURITY PAYABL

Balance
$2,000.00 $3,000.00 $0.00 $2,000.00 $3,000.00 $6,000.00 $0.00 $2,000.00 $3,000.00 $0.00
Date
206.1 Social Security Payable Description

Social Security Expense Social Security Expense Social Security Expense Social Security Expense Social Security Expense Social Security Expense Social Security Expense Paid Social Security Expense Social Security Expense Social Security Expense Paid
$0.00
Page 207
General Ledger
NSE
Cr. Balance
$1,000.00 $2,200.00 $4,000.00 $5,000.00 $6,200.00 $8,000.00 $9,000.00 $10,200.00 $12,000.00 $0.00
se Date
506.1 - Assets Insurance (45%) Description

Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Closing Entry
$12,000.00
$0.00
Page 208
General Ledger
E
Cr. Balance Date Description
401.6 OIL
401.6 Oil
Nov 11th Gain on Sale of Commodities Nov 11th Closing Entry
$0.00
Page 209
General Ledger
Page 210
General Ledger
Page 211
General Ledger
RITIES
102.4 BONDS Dr. 102.5 GOLD Cr. Balance Date
Oct 25th Oct 27th Oct 28th Nov 7th
Page 212
General Ledger
$0.00
CIAL SECURITY PAYABLE

Balance
$400.00 $200.00 $600.00 $400.00 $200.00 $600.00 $1,200.00 $400.00 $200.00 $600.00 $400.00 $600.00 $0.00 $400.00 $600.00 $1,200.00 $0.00 $400.00 $600.00 $0.00
207 CHRISTMAS BONUS

Date
Social Security Payable Dr. Cr.
207.1 Christmas Bonus Pa
$0.00
Page 213
General Ledger
EXPENSES
506 INSURANCE EXPEN

Balance
$135.00 $315.00 $450.00 $630.00 $855.00 $990.00 $1,170.00 $1,305.00 $1,485.00 $1,710.00 $1,845.00 $2,025.00 $2,160.00 $2,340.00 $2,565.00 $0.00
- Assets Insurance (45%) Dr. Cr.

$135.00 $180.00 $135.00 $180.00 $225.00 $135.00 $180.00 $135.00 $180.00 $225.00 $135.00 $180.00 $135.00 $180.00 $225.00 $2,565.00
506.2 - Life Insurance (35 Date

$0.00
Page 214
General Ledger
401.6 OIL
401.6 Oil Dr.
$4,715.00
401.7 COTTON
401.7 Cotton Cr.
$4,715.00
Balance
$4,715.00 $0.00
Date
$0.00
Page 215
General Ledger
Page 216
General Ledger
Page 217
General Ledger
102.5 GOLD Description Dr. Cr. Balance

Purchase of Gold Securities (476oz. @ $1678.70) $799,121.20 $799,121.20 Sale of Gold Securities (238oz @ $1747.20) $399,560.60 $399,560.60 Sale of Gold Securities (238oz @ $1747.20) $399,560.60 $0.00 Purchase of Gold Securities ( 224 shares @ 1780.9) $398,921.60 $398,921.60 Sale of Gold Securities (224 oz @ $1792.40) $398,921.60 $0.00
$0.00
Page 218
General Ledger
$0.00
207 CHRISTMAS BONUS PAYABLE

Description 207.1 Christmas Bonus Payable Dr. Cr.
$800.00 $800.00 $1,600.00 $800.00 $800.00 $1,000.00 $2,600.00 $800.00 $800.00 $1,600.00
Balance
$800.00 $1,600.00 $0.00 $800.00 $1,600.00 $2,600.00 $0.00 $800.00 $1,600.00 $0.00
Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Paid Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Paid
$0.00
Page 219
General Ledger
EXPENSES
506 INSURANCE EXPENSE
Description
Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Closing Entry
506.2 - Life Insurance (35%) Dr.

$105.00 $140.00 $105.00 $140.00 $175.00 $105.00 $140.00 $105.00 $140.00 $175.00 $105.00 $140.00 $105.00 $140.00 $175.00
Cr.
Balance
$105.00 $245.00 $350.00 $490.00 $665.00 $770.00 $910.00 $1,015.00 $1,155.00 $1,330.00 $1,435.00 $1,575.00 $1,680.00 $1,820.00 $1,995.00 $0.00
$1,995.00
$0.00
Page 220
General Ledger
401.7 COTTON
401.7 Cotton Description Dr. Cr. Balance
$0.00
Page 221
General Ledger
Page 222
General Ledger
Page 223
General Ledger
ASSETS
Date
102.6 COFFEE Description Dr. Cr.
Balance
Date
Nov 10th Nov 11th
Page 224
General Ledger
$0.00
208 RENT EXPENSE PAYABLE

Date
208.1 Rent Expense Payable Description Dr. Cr.

Rent Expense Rent Expense Rent Expense Rent Expense Rent Expense Rent Expense Rent Expense Paid Rent Expense Rent Expense Rent Expense Paid
Balance
Date
Oct 26th Oct 27th Oct 28th Oct 31st Nov 1st Nov 2nd Nov 3rd Nov 4th Nov 7th Nov 7th Nov 8th Nov 9th Nov 10th Nov 11th
$2,200.00
$4,000.00
$2,200.00
$1,000.00 $1,000.00 $1,200.00 $2,200.00 $0.00 $1,000.00 $1,000.00 $1,200.00 $2,200.00 $1,800.00 $4,000.00 $0.00 $1,000.00 $1,000.00 $1,200.00 $2,200.00 $0.00
$0.00
Page 225
General Ledger
Date
506.3 - Medical Insurance (20%) Description Dr. Cr.

Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Closing Entry $60.00 $80.00 $60.00 $80.00 $100.00 $60.00 $80.00 $60.00 $80.00 $100.00 $60.00 $80.00 $60.00 $80.00 $100.00
Balance
Date
$60.00 $140.00 $200.00 $280.00 $380.00 $440.00 $520.00 $580.00 $660.00 $760.00 $820.00 $900.00 $960.00 $1,040.00 $1,140.00 $1,140.00 $0.00
$0.00
Page 226
General Ledger
401.8 SILVER
Date Description 401.8 Silver Dr. Cr. Balance
Date Oct 28th Nov 4th Nov 11th Nov 11th
$0.00
Page 227
General Ledger
Page 228
General Ledger
Page 229
General Ledger
TS
102.7 OIL Description

Purchase of Commodities Gas Oil Future (205 MT @ 972.5) Sale of commodities Gas Oil Future (205 MT @ 995.5)
Dr.
$199,362.50
Cr.
$199,362.50
Balance
$199,362.50 $0.00
Page 230
General Ledger
$0.00
209 OTHER CASH EXPENSE PAYABLE

Description
Other Cash Expense Other Cash Expense Other cash expense Paid Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Paid Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Paid
209.1 Other Cash Expense Payable Dr.
Cr.
$400.00 $450.00
Balance
$400.00 $850.00 $0.00 $250.00 $550.00 $950.00 $1,400.00 $1,900.00 $0.00 $250.00 $550.00 $950.00 $1,400.00 $0.00
$850.00 $250.00 $300.00 $400.00 $450.00 $500.00 $1,900.00 $250.00 $300.00 $400.00 $450.00 $1,400.00
$0.00
Page 231
General Ledger
507 SOCIAL SECURITY

507.1 Social Security Description
Social Security Expense Social Security Expense Social Security Expense Social Security Expense Social Security Expense Social Security Expense Social Security Expense Social Security Expense Social Security Expense Closing Entry
Dr.
$400.00 $200.00 $600.00 $400.00 $200.00 $600.00 $400.00 $200.00 $600.00
Cr.
Balance
$400.00 $600.00 $1,200.00 $1,600.00 $1,800.00 $2,400.00 $2,800.00 $3,000.00 $3,600.00 $0.00
$3,600.00
$0.00
Page 232
General Ledger
601 OTHER REVENUE

601 Other Revenue
Description Interest Revenue Interest Revenue Interest Revenue Closing Entry Dr. Cr. $178.31 $331.15 $234.78 $744.24 Balance $178.31 $509.46 $744.24 $0.00
$0.00
Page 233
General Ledger
Page 234
General Ledger
Page 235
General Ledger
103 EQUIPMENT
Date
Oct 24th
Description
103.1 Furniture Dr. Cr.

$30,000.00
Balance
$30,000.00
Purchase of Furniture
$30,000.00
Page 236
General Ledger
$30,000.00
301 CAPITAL
Date 301.1 Capital, Julio Tiusanen Description Dr. Cr. Balance
$60,000.00 $122,461.40 $86,461.40
Oct 24th Grant $60,000.00 th Nov 11 Closing Entry from Income Summary $62,461.40 Nov 11th Closing Entry from Drawings, Julio Tiusanen $36,000.00
$86,461.40
Page 237
General Ledger
508 CHRISTMAS BONUS

Date
508.1 Christmas Bonus Description Dr. Cr.

Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Christmas Bonus Expense Closing Entry $800.00 $800.00 $1,000.00 $800.00 $800.00 $1,000.00 $800.00 $800.00 $1,000.00 $7,800.00
Balance
$800.00 $1,600.00 $2,600.00 $3,400.00 $4,200.00 $5,200.00 $6,000.00 $6,800.00 $7,800.00 $0.00
$0.00
Page 238
General Ledger
Page 239
General Ledger
Page 240
General Ledger
Page 241
General Ledger
103 EQUIPMENT
Date Description 103.2 Computers Dr. Cr.
$15,000.00
Balance
$15,000.00
Oct 24th Purchase of Computers
$15,000.00
Page 242
General Ledger
$15,000.00
302 RETAINED EARNINGS

Date 302.1 Retained Earnings Description Dr. Cr. Balance
$0.00
Page 243
General Ledger
509 OTHER CASH EXPENSE

Date
509.1 Other Cash Expense Description Dr. Cr.

Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Other cash expense Closing Entry $250.00 $600.00 $400.00 $450.00 $500.00 $250.00 $300.00 $400.00 $450.00 $500.00 $250.00 $300.00 $400.00 $450.00 $500.00 $6,000.00
Balance
$250.00 $850.00 $1,250.00 $1,700.00 $2,200.00 $2,450.00 $2,750.00 $3,150.00 $3,600.00 $4,100.00 $4,350.00 $4,650.00 $5,050.00 $5,500.00 $6,000.00 $0.00
$0.00
Page 244
General Ledger
Page 245
General Ledger
Page 246
General Ledger
Page 247
General Ledger
104 ACCUMULATED DEPRECIATION EQ

Date
Oct 24th Oct 25th Oct 26th Oct 27th Oct 28th Oct 31st Nov 1st Nov 2nd Nov 3rd Nov 4th Nov 7th Nov 8th Nov 9th Nov 10th Nov 11th
Description
104.1 Furniture Dr. Cr.

$175.00 $200.00 $225.00 $250.00 $275.00 $175.00 $200.00 $225.00 $250.00 $275.00 $175.00 $200.00 $225.00 $250.00 $275.00
Balance
$175.00 $375.00 $600.00 $850.00 $1,125.00 $1,300.00 $1,500.00 $1,725.00 $1,975.00 $2,250.00 $2,425.00 $2,625.00 $2,850.00 $3,100.00 $3,375.00
Date
Oct 24th Oct 25th Oct 26th Oct 27th Oct 28th Oct 31st Nov 1st Nov 2nd Nov 3rd Nov 4th Nov 7th Nov 8th Nov 9th Nov 10th Nov 11th
Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation
$3,375.00
Page 248
General Ledger
-$3,375.00
303 DRAWINGS
Date
303.1 Drawings, Julio Tiusanen Description Dr. Cr.

julio Tiusanen, Drawings $12,000.00 Withdrawals $12,000.00 Withdrawals $12,000.00 Closing Entry to Capital, Julio Tiusanen
Balance
$12,000.00 $24,000.00 $36,000.00 $0.00
$36,000.00
$0.00
Page 249
General Ledger
510 OVERDRAFT EXPENSE

Date 510.1 Overdraft Expense Description Dr. Cr. Balance Date
Oct 27th Oct 28th Nov 1st Nov 8th Nov 9th Nov 9th Nov 10th Nov 11th Nov 11th Nov 11th
$0.00
Page 250
General Ledger
Page 251
General Ledger
Page 252
General Ledger
Page 253
General Ledger
EPRECIATION EQUIPMENT
104.2 Computers Description
Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation Office Depreciation
Dr.
Cr.
$175.00 $200.00 $225.00 $250.00 $275.00 $175.00 $200.00 $225.00 $250.00 $275.00 $175.00 $200.00 $225.00 $250.00 $275.00
Balance
$175.00 $375.00 $600.00 $850.00 $1,125.00 $1,300.00 $1,500.00 $1,725.00 $1,975.00 $2,250.00 $2,425.00 $2,625.00 $2,850.00 $3,100.00 $3,375.00
$3,375.00
Page 254
General Ledger
-$3,375.00
Page 255
General Ledger
COMMISSION FEES
Commission Fees Description
Commission Fee for sale of Gold Securities Commission Fee for sale of Trading Investments Payment of Commission for sale of Stock Commission Fee for sale of Trading Investments Commission Fee for sale of Trading Investments Commission Fee for sale of Gold Securities Commission Fee for sale of Trading Investments Commission Fee for sale of Trading Investments Commission Fee for sale of Commodities Closing Entry
Dr.
$60.00 $1,000.00 $500.00 $1,500.00 $1,500.00 $60.00 $1,000.00 $500.00 $60.00
Cr.
Balance
$60.00 $1,060.00 $1,560.00 $3,060.00 $4,560.00 $4,620.00 $5,620.00 $6,120.00 $6,180.00 $0.00
$6,180.00
$0.00
Page 256
General Ledger
Page 257
General Ledger
Page 258
General Ledger
Page 259
General Ledger
105 VEHICLES
Date Description 105.1 Audi Dr.
$35,000.00
106 ACCUMULA
Balance
$35,000.00
106.1 A Cr. Date

Oct 25th Oct 26th Oct 27th Oct 28th Nov 1st Nov 2nd Nov 3rd Nov 4th Nov 8th Nov 9th Nov 10th Nov 11th
Oct 24th Purchase of Car
$35,000.00
Page 260
General Ledger
$35,000.00
Page 261
General Ledger
511 INCOME TAX

Date
512
Balance Date
Nov 11th Nov 11th Nov 11th
511.1 Income Tax Description Dr. Cr.

Prepaid Income Tax Prepaid Income Tax Prepaid Income Tax Closing Entry $10,000.00 $10,000.00 $10,000.00
51
$10,000.00 $20,000.00 $30,000.00 $30,000.00 $0.00
$0.00
Page 262
General Ledger
Page 263
General Ledger
Page 264
General Ledger
Page 265
General Ledger
106 ACCUMULATED DEPRECIATION VEHICLES

106.1 Accumulated Depreciation - Audi Description Dr. Cr.
Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation Car Depreciation $800.00 $850.00 $875.00 $900.00 $800.00 $850.00 $875.00 $900.00 $800.00 $850.00 $875.00 $900.00
Balance
$800.00 $1,650.00 $2,525.00 $3,425.00 $4,225.00 $5,075.00 $5,950.00 $6,850.00 $7,650.00 $8,500.00 $9,375.00 $10,275.00
$10,275.00
Page 266
General Ledger
-$10,275.00
Page 267
General Ledger
512 INCOME SUMMARY

Description 512.1 Income Summary Dr. Cr. Balance
$235,741.40 $62,461.40 $0.00
Closing Entry for All Revenue Accounts $235,741.40 Closing Entry for All Expense Accounts $173,280.00 Closing Entry to Capital, Julio Tiusanen $62,461.40
$0.00
Page 268
General Ledger
Page 269
General Ledger
Page 270
General Ledger
Page 271
General Ledger
107 SUPPLIES AND UTILITIES

Date
Oct 24th Oct 24th Oct 25th Oct 26th Oct 27th Oct 28th Oct 31st Nov 1st Nov 2nd Nov 3rd Nov 4th Nov 7th Nov 8th Nov 9th Nov 10th Nov 11th
Description
107.1 Supplies Dr.

$13,000.00
108.1 A Cr.
$350.00 $400.00 $450.00 $500.00 $625.00 $350.00 $400.00 $450.00 $500.00 $625.00 $350.00 $400.00 $450.00 $500.00 $625.00
Balance
$13,000.00 $12,650.00 $12,250.00 $11,800.00 $11,300.00 $10,675.00 $10,325.00 $9,925.00 $9,475.00 $8,975.00 $8,350.00 $8,000.00 $7,600.00 $7,150.00 $6,650.00 $6,025.00
Date
Purchase of Supplies Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense Supplies and Utilities Expense
$6,025.00
Page 272
General Ledger
$6,025.00
Page 273
General Ledger
Page 274
General Ledger
Page 275
General Ledger
Page 276
General Ledger
Page 277
General Ledger
108 PREPAID INSU

108.1 Assets Insurance (45%) Description Dr. Cr.
Purchase of Insurance Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense Insurance Expense $13,500.00 $135.00 $180.00 $135.00 $180.00 $225.00 $135.00 $180.00 $135.00 $180.00 $225.00 $135.00 $180.00 $135.00 $180.00 $225.00
108.2 - Life Insurance Balance

$13,500.00 $13,365.00 $13,185.00 $13,050.00 $12,870.00 $12,645.00 $12,510.00 $12,330.00 $12,195.00 $12,015.00 $11,790.00 $11,655.00 $11,475.00 $11,340.00 $11,160.00 $10,935.00
Date
$10,935.00
Page 278
General Ledger
$10,935.00
Page 279
General Ledger
Page 280
General Ledger
Page 281
General Ledger
Page 282
General Ledger
Page 283
General Ledger
108 PREPAID INSURANCE

108.2 - Life Insurance (35%) Description Dr. Cr.
108.3 Medical Insuran Balance

$10,500.00 $10,395.00 $10,255.00 $10,150.00 $10,010.00 $9,835.00 $9,730.00 $9,590.00 $9,485.00 $9,345.00 $9,170.00 $9,065.00 $8,925.00 $8,820.00 $8,680.00 $8,505.00
Date
$8,505.00
Page 284
General Ledger
$8,505.00
Page 285
General Ledger
Page 286
General Ledger
Page 287
General Ledger
Page 288
General Ledger
Page 289
General Ledger
108.3 Medical Insurance (20%) Description Dr. Cr.

Balance
$6,000.00 $5,940.00 $5,860.00 $5,800.00 $5,720.00 $5,620.00 $5,560.00 $5,480.00 $5,420.00 $5,340.00 $5,240.00 $5,180.00 $5,100.00 $5,040.00 $4,960.00 $4,860.00
$4,860.00
Page 290
General Ledger
$4,860.00
Page 291

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AVE MARIA UNIVERSITY OF THE AMERICAS AC 242 FALL 2011

Date Revenues Receipts #

Oct 24 , 2011 Description

APR-1000-3 APR-1000-4 APR-1000-5 APR-1000-6

9,000.00 USD 13,000.00 USD 30,000.00 USD 250.00 USD

Oct 25 , 2011 Date Revenues Receipts # Description

BANPRO Transfer to St. Georges Bank PROMERICA Other Cash Expenses

ST GEORGES BANK Trading Gold Securities

Date Revenues Receipts #

Disbursments Checks # Amount

Oct 27 , 2011 Description

Date Revenues Receipts #

APR-1000-8 APR-1000-9 APR-1000-10 APR-1000-11 APR-1000-12 APR-1000-13 CHS-1000-6 CHS-1000-7

Oct 28 , 2011 Description

Date Revenues Receipts #

BANPRO st Oct 31 , 2011 Description Amount

Date Revenues Receipts #

Date Revenues Receipts #

BANPRO st Nov 1 , 2011 Description

PROMERICA st Nov 1 , 2011 Description Amount

Date Revenu Rece

APR-1 APR-1 APR-1 APR-1 APR-1

Date Revenues Receipts #

CHS-1000-11 CHS-1000-12 CHS-1000-13

Date Revenues Receipts #

Date Revenues Receipts #

APR-1000-16 APR-1000-17 APR-1000-18 APR-1000-19 APR-1000-20

BANPRO th Nov 7 , 2011 Description Amount

99,981.00 USD 99,502.60 USD 99,992.82 USD

St. George's Bank Nov 7th, 2011 Description Amount

PROMERICA Nov 7th, 2011 Description

Date Revenues Receipts #

BANPRO th Nov 8 , 2011 Description

49,972.78 USD 1,500.00 USD

Date Revenues Receipts #

Date Revenues Receipts #

BANPRO th Nov 9 , 2011 Description

BANPRO purchase of CSCO (6715 shares @ 17.87)

ST GEORGE'S BANK th Nov 9 , 2011 Description

Payment of commission for sale of gold securities

Date Revenues Receipts #

Date Revenues Receipts #

BANPRO th Nov 10 , 2011 Description

ST GEORGE'S BANK th Nov 10 , 2011 Description Amount

Purchase of Commodities Gas Oil Future (205 MT @ 972.5)

Date Revenues Receipts #

Date Revenues Receipts #

Date Revenues Receipts #

APR-1000-15 APR-1000-16 APR-1000-17 APR-1000-18 APR-1000-19

BANPRO th Nov 11 , 2011 Description

ST GEORGE'S BANK th Nov 11 , 2011 Description

Payment of Commissions for sale of Gas Oil securities

PROMERICA Nov 11th, 2011 Description Amount

20000 interest expense missing!

OTHER REVENUE 601 Interest revenue- BANPRO Bank

Schedule of Expenses SCHEDULE OF EXPENSES

MONDAY 24th TUESDAY 25th

WEDNESDAY 26th THURSDAY 27th FRIDAY 28th

C$ 6,000 C$ 1,200 C$ 2,600 C$ 4,000 C$ 1,900 C$ 10,000 C$ 12,000 C$ 37,700

$400.00 $400.00 $400.00 $300.00 $300.00

$400.00 $400.00 $400.00 $300.00 $300.00

$400.00 $400.00 $400.00 $300.00 $300.00

$400.00 $500.00 $500.00 $450.00 $450.00